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(South Countries) Bilateral International Investments: The Rising South? (Fernando Broner, Tatiana Didier, Sergio Schmukler, Goetz von Peter, World Bank blogs)

Over the past decades, the economic weight  of countries in the South or Sur (countries outside the G7 and Western Europe) have risen sharply, compared with those in the North (Canada, Japan, the United States, and those in Western Europe). It is well known that the South accounts for a growing share of global economic activity and international trade, but the role of the South in global finance remains less explored.

https://blogs.worldbank.org/developmenttalk/bilateral-international-investments-rising-south